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Global Advanced Rocket and Missile Propulsion Systems Market Outlook 2032: Global Opportunity and Demand Analysis, Market Forecast To 2032
- Published :
Report ID: AD0011
Pages: 165
Base Year: 2023
Format: PDF
Historical Date: 2019-2022
Market Research Report
Summary At A Glance
Description
Table of Contents
List Of Tables
List Of Figures
Research Methodology
Description
MARKET SCOPE:
The global Advanced Rocket and Missile Propulsion Systems market is projected to grow significantly, registering a CAGR of 8.5% during the forecast period (2024 – 2032).
Advanced rocket and missile propulsion systems represent a category of cutting-edge technologies designed to propel rockets and missiles with enhanced efficiency, precision, and performance. These propulsion systems are integral components of military arsenals, serving a crucial role in various defense applications. Advanced rocket and missile propulsion systems encompass a range of technologies and mechanisms responsible for generating the thrust needed to propel rockets and missiles through the atmosphere. These systems leverage advanced engineering, materials, and propulsion technologies to achieve higher levels of performance, accuracy, and versatility compared to traditional propulsion systems. Ongoing advancements in propulsion technologies, materials science, and guidance systems fuel the demand for cutting-edge rocket and missile propulsion systems. The rise of asymmetric threats and unconventional warfare scenarios necessitates propulsion systems that can adapt to a wide range of operational environments and challenges.
MARKET OVERVIEW:
Driver: Increasing technological advancements is driving the market growth.
Ongoing research and development efforts focus on improving the efficiency and overall performance of rocket and missile propulsion systems. Advancements in propulsion technologies aim to enhance thrust, fuel efficiency, and precision, providing military forces with more capable and versatile systems. Innovations in materials science play a crucial role in developing lightweight and high-strength components for rocket and missile propulsion systems. The use of advanced materials helps reduce weight, increase durability, and improve the overall efficiency of these systems. Technological advancements enable the miniaturization of propulsion components, allowing for more compact and integrated systems. Miniaturization contributes to improved mobility, increased payload capacity, and enhanced mission flexibility for rockets and missiles. Propulsion systems are integrated with precision guidance technologies to improve accuracy and target acquisition. Technological advancements in guidance systems, including GPS, inertial navigation, and sensor fusion, contribute to the development of highly precise and effective missile systems.
Opportunities: Growing geopolitical tensions is anticipated for the market growth in the upcoming years.
Nations invest in advanced rocket and missile systems as a deterrent against potential adversaries. The possession of credible and advanced missile capabilities can dissuade other nations from engaging in aggressive actions or acts of aggression. The possession of advanced missile systems enhances a country’s strategic influence on the global stage. It signals military strength and technological prowess, which can influence diplomatic and geopolitical dynamics. Perceived threats to national security, whether from neighboring countries or non-state actors, drive the need for advanced missile systems. Governments prioritize capabilities that can address specific security challenges and protect national interests. Geopolitical tensions often lead to regional or global arms race dynamics. Nations seek to match or outpace the military capabilities of potential adversaries, including the development of advanced rocket and missile systems. Geopolitical tensions can influence strategic alliances and partnerships. Countries may collaborate with allies to share or jointly develop advanced missile technologies, fostering a collective defense approach.
COVID IMPACT:
The aerospace and defense industry relies on complex global supply chains. The pandemic led to disruptions in the supply of components, materials, and subsystems, impacting manufacturing and assembly processes for rocket and missile propulsion systems. Lockdowns, social distancing measures, and safety protocols affected the workforce in manufacturing facilities and research centers. These challenges may have slowed down production timelines, testing schedules, and overall operational efficiency. Many industries faced financial pressures due to decreased demand, delayed projects, and increased costs associated with implementing health and safety measures. Companies involved in the development of advanced propulsion systems may have had to reassess budgets and investment plans. The pandemic forced companies and government agencies to reassess project timelines. Some rocket and missile programs may have experienced delays or rescheduling of milestones as a result of the disruptions caused by COVID-19.
SEGMENTATION ANALYSIS:
Solid segment is anticipated to grow significantly during the forecast period
Solid rocket propulsion systems play a significant role in advanced rocket and missile technologies. These systems utilize solid propellants, which are substances that remain in a solid state and do not require a separate liquid oxidizer. Solid rocket motors are known for their simplicity. They have fewer moving parts compared to liquid rocket engines, which makes them more reliable and easier to handle. This simplicity is advantageous for military applications, where quick response times and reliability are crucial. Solid propellants are stable and can be stored for extended periods without significant degradation. This makes solid rocket systems well-suited for military applications, where missiles may be stored for long durations before use. Solid rocket systems offer quick launch capabilities. Once ignited, they provide thrust without the need for complex fueling processes. This attribute is valuable in military scenarios that require rapid response and deployment. The simplicity of solid rocket systems leads to reduced logistical requirements. This is advantageous in military operations where the ease of transportation and reduced maintenance are important factors.
Civil and Military segment is anticipated to grow significantly during the forecast period
Advanced rocket propulsion systems are crucial for space exploration missions. They power launch vehicles that carry satellites, scientific payloads, and crewed spacecraft into orbit or beyond. Civil space agencies and private aerospace companies leverage these technologies for scientific research, satellite deployment, and human spaceflight. Rocket propulsion systems are used to launch satellites for various purposes, including communication, Earth observation, weather monitoring, and navigation. The reliable and efficient deployment of satellites contributes to advancements in telecommunications, remote sensing, and global positioning systems. Civil space agencies from different countries often collaborate on space exploration initiatives. Joint efforts in developing advanced propulsion technologies may lead to shared knowledge, cost-sharing, and cooperative missions aimed at exploring space beyond Earth’s orbit. Advanced rocket and missile propulsion systems are a critical component of military arsenals. They power various types of missiles, including ballistic missiles, cruise missiles, and anti-ship missiles. These systems enhance a nation’s strategic capabilities for deterrence, defense, and precision strikes.
REGIONAL ANALYSIS:
The Asia Pacific region is set to witness significant growth during the forecast period.
The Asia Pacific region is characterized by complex geopolitical dynamics and security challenges. Nations in the region invest in advanced propulsion systems to enhance their missile capabilities, addressing potential threats and maintaining a strategic deterrent. Many countries in the Asia Pacific are actively modernizing their defense forces. This includes the development and acquisition of advanced missile systems with sophisticated propulsion technologies to keep pace with evolving security scenarios. The Asia Pacific region witnesses ongoing developments in missile defense programs. Nations invest in advanced propulsion systems to improve the speed, range, and maneuverability of missiles, contributing to effective missile defense and counter-missile capabilities. Advanced propulsion systems are essential for the development of long-range and intercontinental ballistic missiles (ICBMs). Nations may pursue these capabilities as part of their strategic deterrence posture to safeguard national security interests.
COMPETITIVE ANALYSIS
The global Advanced Rocket and Missile Propulsion Systems market is reasonably competitive with mergers, acquisitions, and Type launches. See some of the major key players in the market.
- Antrix Corporation
- MITSUBHISHI HEAVY INDUSTRIES
- Northrop Grumman Corporation
In 2019, The first Booster Obsolescence and Life Extension (BOLE) motor segment for the next Space Launch System (SLS) solid rocket booster has been completed by Northrop Grumman Corporation.
- Safran SA
In 2023, Safran planned to acquire the actuation and flight control division of Collins Aerospace. An RTX company, Collins Aerospace is a major worldwide supplier of actuation and flight control systems for helicopters and commercial and military aircraft.
- Space Exploration Technologies Corp.
- Blue Origin Federation LLC
- NPO Energomash
- Aerojet Rocketdyne
- Rocket Lab USA Inc.
- Land Space Technology Co. Ltd
- IHI Corporation
Scope of the Report
- By Type
- Solid
- Liquid
- Hybrid
- By Application
- Civil and Commercial
- Military
- By Region
- North America (the United States & Canada)
- Europe (Germany, UK, France, Spain, Italy, and the Rest of Europe)
- Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
- Rest of the World (the Middle East & Africa, Latin America, and Rest of The World)
Keys reasons to purchasing this report
- It provides a technological development map over time to understand the industry’s growth rate and indicates how the Advanced Rocket and Missile Propulsion Systems market is evolving.
- The report offers a dynamic method to various factors that drive or restrain the growth of the market and specifies which Advanced Rocket and Missile Propulsion Systems submarket will be the main driver of the overall market from 2024 to 2032.
- It renders a definite analysis of changing competitive dynamics and stipulates the leading players and what are their prospects over the forecast period.
- It builds a nine-year estimate based on how the market is predicted to grow and shows what will market shares of the global region change by 2032 and which country will lead the market in 2032.
Table of Contents
- Executive Summary
- Market Snapshot
- Regional Analysis
- Segment Analysis
- Overview and scope
- Market Vision
- Market Definition
- Market Segmentation
- Market Vision
- Global Advanced Rocket and Missile Propulsion Systems Market Overview By Region: 2019 VS 2023 VS 2032
- Global Advanced Rocket and Missile Propulsion Systems Market Size by Regions (2019-2023) (USD Million)
- North America Advanced Rocket and Missile Propulsion Systems Market Size by Country (2019-2023) (USD Million)
- Europe Advanced Rocket and Missile Propulsion Systems Market Size by Country (2019-2023) (USD Million)
- Asia Pacific America Advanced Rocket and Missile Propulsion Systems Market Size by Country (2019-2023) (USD Million)
- Rest of the World Advanced Rocket and Missile Propulsion Systems Market Size by Country (2019-2023) (USD Million)
- Global Advanced Rocket and Missile Propulsion Systems Market Size by Regions (2024-2032) (USD Million)
- North America Advanced Rocket and Missile Propulsion Systems Market Size by Country (2024-2032) (USD Million)
- Europe Advanced Rocket and Missile Propulsion Systems Market Size by Country (2024-2032) (USD Million)
- Asia Pacific Advanced Rocket and Missile Propulsion Systems Market Size by Country (2024-2032) (USD Million)
- Rest of the World Advanced Rocket and Missile Propulsion Systems Market Size by Country (2024-2032) (USD Million)
- Global Advanced Rocket and Missile Propulsion Systems Market Size by Regions (2019-2023) (USD Million)
- Global Advanced Rocket and Missile Propulsion Systems Market Dynamics
- Market Overview
- Market Drivers
- Market Restraints/ Challenges Analysis
- Market Opportunities
- PESTLE Analysis
- Porter’s Five Forces Model
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- The threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Value Chain Analysis/Supply Chain Analysis
- Covid-19 Impact Analysis on Global Advanced Rocket and Missile Propulsion Systems Market
- Market Overview
** In – depth qualitative analysis will be provided in the final report subject to market
- Global Advanced Rocket and Missile Propulsion Systems Market, By TYPE
- Overview
- Global Advanced Rocket and Missile Propulsion Systems Market Size By Type (2019 – 2032) (USD Million)
- Key Findings for Advanced Rocket and Missile Propulsion Systems Market – By Type
- Solid
- Liquid
- Hybrid
- Global Advanced Rocket and Missile Propulsion Systems Market, By Application
- Overview
- Key Findings for Advanced Rocket and Missile Propulsion Systems Market – By Application
- Civil and Commercial
- Military
- Global Advanced Rocket and Missile Propulsion Systems Market, by region
- Key Findings For Advanced Rocket and Missile Propulsion Systems Market- By region
- Overview
- Global Advanced Rocket and Missile Propulsion Systems Market, By Type
- Global Advanced Rocket and Missile Propulsion Systems Market, By Application
- Global Advanced Rocket and Missile Propulsion Systems Market- North America
- Overview
- North America Advanced Rocket and Missile Propulsion Systems Market Size (2019 – 2032) (USD Million)
- North America Advanced Rocket and Missile Propulsion Systems Market, By Type
- North America Advanced Rocket and Missile Propulsion Systems Market, By Application
- North America Advanced Rocket and Missile Propulsion Systems Market Size by Countries
- United States
- Canada
- Global Advanced Rocket and Missile Propulsion Systems Market- Europe
- Overview
- Europe Advanced Rocket and Missile Propulsion Systems Market Size (2019 – 2032) (USD Million)
- Europe Advanced Rocket and Missile Propulsion Systems Market, By Type
- Europe Advanced Rocket and Missile Propulsion Systems Market, By Application
- Europe Advanced Rocket and Missile Propulsion Systems Market Size by Countries
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Global Advanced Rocket and Missile Propulsion Systems Market – Asia Pacific
- Overview
- Asia Pacific Advanced Rocket and Missile Propulsion Systems Market Size (2019 – 2032) (USD Million)
- Asia Pacific Advanced Rocket and Missile Propulsion Systems Market, By Type
- Asia Pacific Advanced Rocket and Missile Propulsion Systems Market, By Application
- Asia Pacific Advanced Rocket and Missile Propulsion Systems Market Size by Countries
- China
- Japan
- India
- Rest of Asia Pacific
- Global Advanced Rocket and Missile Propulsion Systems Market- Rest of World
- Overview
- Rest of World Advanced Rocket and Missile Propulsion Systems Market Size (2019 – 2032) (USD Million)
- Rest of World Advanced Rocket and Missile Propulsion Systems Market, By Type
- Rest of World Advanced Rocket and Missile Propulsion Systems Market, By Application
- Rest of World Advanced Rocket and Missile Propulsion Systems Market Size by Regions
- Middle East & Africa
- Latin America
- Rest Of The World
- GLOBAL Advanced Rocket and Missile Propulsion Systems MARKET- Competitive Landscape
- Key Strategies Adopted by the Leading Players
- Recent Developments
- Investments & Expansions
- New End-User Launches
- Mergers & Acquisitions
- Agreements, Joint Ventures, and Partnerships
- GLOBAL Advanced Rocket and Missile Propulsion Systems MARKET- Company Profiles
- Antrix Corporation
- Company Overview
- Financial Overview
- Type Offered
- Key Developments
- MITSUBHISHI HEAVY INDUSTRIES
- Northrop Grumman Corporation
- Safran SA
- Space Exploration Technologies Corp.
- Blue Origin Federation LLC
- NPO Energomash
- Aerojet Rocketdyne
- Rocket Lab USA Inc.
- Land Space Technology Co. Ltd
- IHI Corporation
- Antrix Corporation
- Our Research Methodology
- Data Triangulation
- Data Sources
- Secondary Sources
- Primary Sources
- Assumptions/ Limitations For The Study
- Research & Forecasting Methodology
- Appendix
- Disclaimer
- Contact Us
List Of Tables
- Global Advanced Rocket and Missile Propulsion Systems Historic Market Size By Regions (2019 – 2023) (USD Million)
- Global Advanced Rocket and Missile Propulsion Systems Forecasted Market Size By Regions (2024-2032) (USD Million)
- Global Advanced Rocket and Missile Propulsion Systems Market- Drivers
- Global Advanced Rocket and Missile Propulsion Systems Market- Restraint /Challenges
- Global Advanced Rocket and Missile Propulsion Systems Market- Opportunity Analysis
- Global Advanced Rocket and Missile Propulsion Systems Market Size By Type (2019 – 2032) (USD Million)
- Global Advanced Rocket and Missile Propulsion Systems Market Size By Solid (2019 – 2032) (USD Million)
- Global Advanced Rocket and Missile Propulsion Systems Market Size By Liquid (2019 – 2032) (USD Million)
- Global Advanced Rocket and Missile Propulsion Systems Market Size By Hybrid
- Global Advanced Rocket and Missile Propulsion Systems Market Size By Application (2019 – 2032) (USD Million)
- Global Advanced Rocket and Missile Propulsion Systems Market Size By Civil and Commercial (2019 – 2032) (USD Million)
- Global Advanced Rocket and Missile Propulsion Systems Market Size By Military (2019 – 2032) (USD Million)
- North America Advanced Rocket and Missile Propulsion Systems Market Size By Type (2019 – 2032) (USD Million)
- North America Advanced Rocket and Missile Propulsion Systems Market Size By Solid (2019 – 2032) (USD Million)
- North America Advanced Rocket and Missile Propulsion Systems Market Size By Liquid (2019 – 2032) (USD Million)
- North America Advanced Rocket and Missile Propulsion Systems Market Size By Hybrid
- North America Advanced Rocket and Missile Propulsion Systems Market Size By Application (2019 – 2032) (USD Million)
- North America Advanced Rocket and Missile Propulsion Systems Market Size By Civil and Commercial (2019 – 2032) (USD Million)
- North America Advanced Rocket and Missile Propulsion Systems Market Size By Military (2019 – 2032) (USD Million)
- Europe Advanced Rocket and Missile Propulsion Systems Market Size By Type (2019 – 2032) (USD Million)
- Europe Advanced Rocket and Missile Propulsion Systems Market Size By Solid (2019 – 2032) (USD Million)
- Europe Advanced Rocket and Missile Propulsion Systems Market Size By Liquid (2019 – 2032) (USD Million)
- Europe Advanced Rocket and Missile Propulsion Systems Market Size By Hybrid
- Europe Advanced Rocket and Missile Propulsion Systems Market Size By Application (2019 – 2032) (USD Million)
- Europe Advanced Rocket and Missile Propulsion Systems Market Size By Civil and Commercial (2019 – 2032) (USD Million)
- Europe Advanced Rocket and Missile Propulsion Systems Market Size By Military (2019 – 2032) (USD Million)
- Asia Pacific Advanced Rocket and Missile Propulsion Systems Market Size By Type (2019 – 2032) (USD Million)
- Asia Pacific Advanced Rocket and Missile Propulsion Systems Market Size By Solid (2019 – 2032) (USD Million)
- Asia Pacific Advanced Rocket and Missile Propulsion Systems Market Size By Liquid (2019 – 2032) (USD Million)
- Asia Pacific Advanced Rocket and Missile Propulsion Systems Market Size By Hybrid
- Asia Pacific Advanced Rocket and Missile Propulsion Systems Market Size By Application (2019 – 2032) (USD Million)
- Asia Pacific Advanced Rocket and Missile Propulsion Systems Market Size By Civil and Commercial (2019 – 2032) (USD Million)
- Asia Pacific Advanced Rocket and Missile Propulsion Systems Market Size By Military (2019 – 2032) (USD Million)
- Rest of World Advanced Rocket and Missile Propulsion Systems Market Size By Type (2019 – 2032) (USD Million)
- Rest of World Advanced Rocket and Missile Propulsion Systems Market Size By Solid (2019 – 2032) (USD Million)
- Rest of World Advanced Rocket and Missile Propulsion Systems Market Size By Liquid (2019 – 2032) (USD Million)
- Rest of World Advanced Rocket and Missile Propulsion Systems Market Size By Hybrid
- Rest of World Advanced Rocket and Missile Propulsion Systems Market Size By Application (2019 – 2032) (USD Million)
- Rest of World Advanced Rocket and Missile Propulsion Systems Market Size By Civil and Commercial (2019 – 2032) (USD Million)
- Rest of World Advanced Rocket and Missile Propulsion Systems Market Size By Military (2019 – 2032) (USD Million)
- Data Triangulation
List Of Figures
- Market Highlights
- Market Highlights By Region
- Global Advanced Rocket and Missile Propulsion Systems Market Size By Type: 2019 VS 2032
- Global Advanced Rocket and Missile Propulsion Systems Market Size by Application: 2019 VS 2032
- Global Advanced Rocket and Missile Propulsion Systems By Solid (USD Million 2019 – 2032)
- Global Advanced Rocket and Missile Propulsion Systems By Liquid (USD Million 2019 – 2032)
- Global Advanced Rocket and Missile Propulsion Systems By Hybrid (USD Million 2019 – 2032)
- Global Advanced Rocket and Missile Propulsion Systems Market Size By Type (2019 – 2032) (USD Million)
- Global Advanced Rocket and Missile Propulsion Systems By Civil and Commercial (USD Million 2019 – 2032)
- Global Advanced Rocket and Missile Propulsion Systems By Military (USD Million 2019 – 2032)
- North America Advanced Rocket and Missile Propulsion Systems Market Size (2019 – 2032) (USD Million)
- North America Advanced Rocket and Missile Propulsion Systems By United States Revenue (USD Million) (2019 – 2032)
- North America Advanced Rocket and Missile Propulsion Systems By Canada Revenue (USD Million 2019 – 2032)
- Europe Advanced Rocket and Missile Propulsion Systems Market Size (2019 – 2032) (USD Million)
- Europe Advanced Rocket and Missile Propulsion Systems By United Kingdom Revenue (USD Million) (2019 – 2032)
- Europe Advanced Rocket and Missile Propulsion Systems By Germany Revenue (USD Million 2019 – 2032)
- Europe Advanced Rocket and Missile Propulsion Systems By France Revenue (USD Million 2019 – 2032)
- Europe Advanced Rocket and Missile Propulsion Systems By Italy Revenue (USD Million 2019 – 2032)
- Europe Advanced Rocket and Missile Propulsion Systems By Spain Revenue (USD Million 2019 – 2032)
- Europe Advanced Rocket and Missile Propulsion Systems By Rest Of Europe Revenue (USD Million 2019 – 2032)
- Asia Pacific Advanced Rocket and Missile Propulsion Systems Market Size (2019 – 2032) (USD Million)
- Asia Pacific Advanced Rocket and Missile Propulsion Systems By China Revenue (USD Million) (2019 – 2032)
- Asia Pacific Advanced Rocket and Missile Propulsion Systems By Japan Revenue (USD Million 2019 – 2032)
- Asia Pacific Advanced Rocket and Missile Propulsion Systems By India Revenue (USD Million 2019 – 2032)
- Asia Pacific Advanced Rocket and Missile Propulsion Systems By Rest Of APAC Revenue (USD Million 2019 – 2032)
- Rest Of World Advanced Rocket and Missile Propulsion Systems Market Size (2019 – 2032) (USD Million)
- Rest of World Advanced Rocket and Missile Propulsion Systems By the Middle East & Africa Revenue (USD Million) ( 2019 – 2032)
- Rest of World Advanced Rocket and Missile Propulsion Systems By Latin America Revenue (USD Million 2019 – 2032)
- Rest of World Advanced Rocket and Missile Propulsion Systems By Rest Of The World Revenue (USD Million 2019 – 2032)
- Key Strategies Adopted By The Leading Players
- Secondary Sources
- Primary Research
- Global Advanced Rocket and Missile Propulsion Systems Market – Research Methodology
Research Methodology
Primary and Secondary Research
In order to understand the market in detail we conduct primary and secondary research. We collect as much information as we can from the market experts through primary research. We contact the experts from both demand and supply side and conduct interviews to understand the actual market scenario. In secondary research, we study and gather the data from various secondary sources such as company annual reports, press releases, whitepapers, paid databases, journals, and many other online sources. With the help of the primary interviews, we validate the data collected from secondary sources and get a deep understanding on the subject matter. Post this our team uses statistical tools to analyses the data to arrive at a conclusion and draft it in presentable manner.
Market Size Estimations
Understanding and presenting the data collected is a crucial task. Market sizing is a critical part of the data analysis and this task is performed by using Top-down and bottom-up approaches. In this process, we place different data points, market information and industry trends at a suitable space. This placement helps us presume the estimated & forecast values for coming few years. We use several mathematical and statistical models to estimate the market sizes of different countries and segments. Each of this is further added up to outline the total market. These approaches are individually done on regional/country and segment level.
Data Triangulation
As we arrive at the total market sizes, the market is again broken down into segments and subsegments. This process is called as data triangulation and is implementable wherever applicable. This step not only helps us conclude the overall market engineering process, but also gives an assurance on accuracy of the data generated. The data is triangulated based on studying the market trends, various growth factors, and aspects of both demand and supply side.
